Wolff Enterprises generated $657,830 of cash flows from operating activities, us
ID: 2488011 • Letter: W
Question
Wolff Enterprises generated $657,830 of cash flows from operating activities, used $55,670 of cash flows in its investing activities, and received $32,540 of cash flows from financing activities during the fiscal year. Its weighted-average common shares outstanding were 500,000 and it has no preferred stock. What is Wolff's cash flow per share?
a.$1.27
b. $1.32
c.$1.20
d. $0.65
Wolff Enterprises generated $657,830 of cash flows from operating activities, used $55,670 of cash flows in its investing activities, and received $32,540 of cash flows from financing activities during the fiscal year. Its weighted-average common shares outstanding were 500,000 and it has no preferred stock. What is Wolff's cash flow per share?
Explanation / Answer
Wolff's cash flow per share=cash flows from operating activities+cash flows in its investing activities+cash flows from financing activities during the fiscal year/weighted-average common shares outstanding
= $657,830 -$55,670 +$32,540/500,000=$1.2694~.$1.27
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